The U.S. Department of Labor (DOL) issued a revised Voluntary Fiduciary Compliance Program (VFCP), a long-awaited update by many in the industry. The most significant change is the introduction of a self-correction component,...more
1/16/2025
/ 401k ,
Benefit Plan Sponsors ,
Compliance ,
Deferral Standard ,
Department of Labor (DOL) ,
EBSA ,
Employee Benefits ,
Fiduciary Duty ,
Reporting Requirements ,
Retirement Plan ,
Voluntary Correction Program
A question that almost always arises when we consult on correcting retirement plan errors is, “Can we use the DOL (Department of Labor) calculator to determine earnings?” Compared to the alternatives, the DOL calculator...more